The chief of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to lead the ranks of the world’s largest contract manufacturer.
Chairman Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to resign as chairman.
Gou hoped to remain involved in strategic decisions regarding the company’s business.
Gou said he was moving in that direction, although any decision needed to be discussed with the company’s board.
“I dont know where you got the information from. But I have to say, basically, I’m working toward that direction – to walk back to the second line, or retire … I have been busy for 45 years. I should hand it over to young people,” Gou said.
“I will be involved in the major direction of the company, but not involved in daily operation.
“I’m already 69 years old. I can pass down my 45 years of experience. That’s the goal I set up – to let young people learn sooner and take over sooner and to replace my position sooner.”
The Foxconn chief said his plans would be discussed with the board of Foxconn, formally known as Hon Hai Precision Industry Co Ltd, in the coming months.
“Initially, we will tell the shareholders in the AGM in June. In the board meeting in between April-May we will give the new list of board members to the board,” Gou said